Murphy Oil Co. (NYSE:MUR) declared a quarterly dividend on Wednesday, April 7th, RTT News reports. Stockholders of record on Monday, May 17th will be given a dividend of 0.125 per share by the oil and gas producer on Tuesday, June 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.93%.

Murphy Oil has decreased its dividend payment by 37.5% over the last three years and has increased its dividend annually for the last 1 consecutive years.

NYSE:MUR opened at $17.08 on Thursday. The company has a market capitalization of $2.62 billion, a PE ratio of -2.50 and a beta of 3.33. The company has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $12.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.09 and a current ratio of 1.20. Murphy Oil has a fifty-two week low of $6.59 and a fifty-two week high of $20.53.

Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, January 27th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $440.10 million for the quarter, compared to analyst estimates of $477.63 million. Murphy Oil had a negative net margin of 46.10% and a negative return on equity of 3.06%. The business’s revenue for the quarter was down 41.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Research analysts predict that Murphy Oil will post -1.23 EPS for the current year.

A number of research firms have weighed in on MUR. Morgan Stanley increased their target price on shares of Murphy Oil from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 17th. Credit Suisse Group cut their price target on Murphy Oil from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, January 29th. Wells Fargo & Company cut Murphy Oil from an “equal weight” rating to an “underweight” rating and set a $11.00 price target on the stock. in a report on Tuesday, December 15th. KeyCorp increased their price target on Murphy Oil from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, January 21st. Finally, Scotiabank upgraded Murphy Oil from a “sector underperform” rating to a “sector perform” rating and increased their price target for the stock from $11.00 to $16.00 in a report on Thursday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.82.

In other news, Director Walentin Mirosh sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $13.01, for a total transaction of $32,525.00. Following the completion of the sale, the director now directly owns 22,690 shares of the company’s stock, valued at approximately $295,196.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John B. Gardner sold 11,958 shares of the firm’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $14.41, for a total value of $172,314.78. Over the last ninety days, insiders have sold 138,017 shares of company stock valued at $2,519,858. Insiders own 6.59% of the company’s stock.

About Murphy Oil

Murphy Oil Corporation operates as an oil and natural gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

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Dividend History for Murphy Oil (NYSE:MUR)

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